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Simora [160]
3 years ago
7

What is the great advantage of competitive markets?

Business
1 answer:
andrew11 [14]3 years ago
6 0
Prices are very cheap
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On January 1, 2018, the Allegheny Corporation purchased machinery for $115,000. The estimated service life of the machinery is 1
stiv31 [10]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Machine costs= $115,000.

The estimated service life of the machinery is 10 years.

The estimated residual value is $5,000.

The machine is expected to produce 220,000 units during its life.

1) straight line depreciation= (Machine purchase price - residual value)/ use life

straight line depreciation= (115000 - 5000)/10= 11000

2018= 11000

2019= 11000

2) sum of the years' method= (remaining useful life of the asset/sum of the years' digits)* depreciable cost

2018= 10/(10+9+8+7+6+5+4+3+2+1)*(115000-5000)= 110000/55=(10/55)*110000= 20000

2019= (9/55)*110000= 18000

3) Double declining balance method= 2* [(Asset cost - residual value)/useful life of the asset]

2018= (1100000/10)*2= 22000

2019= (110000-22000/10)*2= 17600

4) One hundred fifty percent declining balance= [(purchase value-salvage value)/use years]*1.5

2018= (110000/10)*1.5= 16500

2019= [(110000-16500)/10]*1.5= $14025

8 0
3 years ago
Situational leadership theories grew out of an attempt to explain the inconsistent findings about traits and styles. Situational
Leni [432]

Answer:

A. Your boss gives regular guidance and feedback to employees during quarterly reviews.

<em>Appropriate path-goal leader behavior</em>: Path-goal clarifying behaviors

B. Your supervisor just gave you a tremendous work opportunity that you aren't sure you are ready for. She reminds you that although she understands this position will be challenging, she's confident that you will rise to the occasion.

<em>Appropriate path-goal leader behavior</em>: Achievement-oriented behaviors

C. You are the unofficial coordinator and mentor at work. You schedule, organize, coach, and provide guidance to employees.

<em>Appropriate path-goal leader behavior</em>: Work facilitation behaviors

D. Your new boss has an open-door policy and is very approachable and willing to help his employees whenever they need assistance.

<em>Appropriate path-goal leader behavior</em>: Supportive behaviors

E. Your boss has a unique ability to involve everyone in team discussions and reconcile personal differences among the members.

<em>Appropriate path-goal leader behavior</em>:  Interaction facilitation behaviors

F. Your new boss is using data she collected from you and your coworkers to help her to set goals collectively with all of you on the team.

<em>Appropriate path-goal leader behavior</em>: Group-oriented decision-making behaviors

G. You've volunteered to represent your organization at an upcoming career fair at the local university.

<em>Appropriate path-goal leader behavior</em>: Representation and networking behaviors

H. Part of your supervisor's success as a leader is due to his ability to create a compelling vision and communicate it in a way that inspires the employees.

<em>Appropriate path-goal leader behavior:</em> Value-based behaviors

5 0
3 years ago
EB1.
olya-2409 [2.1K]

Answer:

34,000 units

Explanation:

Given that,

Budgeted sales = 32,000 units

Ending inventory required = 6,000 units

Beginning inventory  = 4,000 units

Hence,

Number of units = Budgeted sales + Ending inventory - Beginning inventory

Number of units = 32,000 units + 6,000 units - 4,000 units

Number of units = 34,000 units

Therefore, 34,000 units must be produced to also meet the 6,000 units required in ending inventory.

3 0
2 years ago
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one depa
Step2247 [10]

Answer:

The equivalent units of production for October are :

Raw Materials = 423,750

Conversion Costs = 418,500

Explanation:

<u>Calculation of Equivalent Units of Production</u>

1. Raw Materials

Ending Work In Process Inventory (25,000 × 71%)          17,750

Completed and Transferred (406,000 × 100%)           406,000

Equivalent Units of Production for Materials                 423,750

2. Conversion Costs

Ending Work In Process Inventory (25,000 × 50%)        12,500

Completed and Transferred (406,000 × 100%)           406,000

Equivalent Units of Production for Materials                 418,500

3 0
3 years ago
An income statement for Sam's Bookstore for the first quarter of the year is presented below: Sam's Bookstore Income Statement F
nadezda [96]

Answer:

Contribution= $214,800

Explanation:

<em>Contribution margin ratio is the proportion of sales revenue that is earned as contribution. </em>

Unit sold = revenue / selling price = 880,000/55 = 16,000  units

Contribution = Sales revenue - variable cost

Variable  admin = 4% × 880,000= 35200

Variable selling = 5× 16,000 = 80,000

Contribution = Sales revenue - cost of goods sold - admin - selling

= 880,000 - 550,000- 35200 - 80,000=214,800

Contribution= $214,800

5 0
3 years ago
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